727 FinancePANews reported on September 24 that Meta’s newly launched Muse AI intelligent agent drove the rise of technology stocks this week. After the company demonstrated related products at the Connect conference held on Wednesday night, the market further paid attention to its AI layout. The J.P. Morgan analyst team raised Meta’s price target to $920 from $820. J.P. Morgan’s bullish attitude stems largely from the Muse agent, which the bank believes has the potential to become “the most widely used consumer AI application after ChatGPT.”
Meta said late Wednesday that Muse AI agents are now able to access "connectors" including Walmart, Best Buy, Sephora and Wayfair to interact with the services of these companies. However, Amazon currently blocks the agent from accessing its store. Analysts at JPMorgan Chase said that over time, Meta is expected to generate commercial revenue in this way, such as using a sales share or commission model.